Egyptian telecoms magnate Naguib Sawiris wants to get back on the acquisition trail, eyeing businesses in Europe, the Middle East and Africa after selling a chunk of assets to Russia's Vimpelcom.
Sawiris said he plans to divest non-core operations left out of the sale to Vimpelcom last April and use his company Orascom Telecom Media and Technology (OTMT) to buy established mobile phone businesses and network operating licences.
He also expects to double his subscriber numbers in his one exclusive phone market of North Korea, where he said he will lose his exclusivity deal in 2013.
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